4,700 Shares of iShares U.S. Technology ETF $IYW Acquired by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of iShares U.S. Technology ETF (NYSEARCA:IYW) during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 4,700 shares of the exchange traded fund’s stock, valued at approximately $1,245,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in IYW. The Manufacturers Life Insurance Company bought a new stake in shares of iShares U.S. Technology ETF in the 2nd quarter valued at approximately $200,579,000. First Merchants Corp bought a new position in shares of iShares U.S. Technology ETF during the 3rd quarter valued at approximately $42,477,000. Patton Albertson Miller Group LLC purchased a new stake in iShares U.S. Technology ETF during the 3rd quarter valued at $28,437,000. Capital Investment Advisors LLC purchased a new stake in iShares U.S. Technology ETF during the 3rd quarter valued at $27,180,000. Finally, Park Avenue Securities LLC purchased a new stake in iShares U.S. Technology ETF during the 3rd quarter valued at $25,531,000. 57.65% of the stock is currently owned by hedge funds and other institutional investors.

iShares U.S. Technology ETF Price Performance

Shares of IYW opened at $227.07 on Monday. The company has a market cap of $22.37 billion, a PE ratio of 34.95 and a beta of 1.37. The business has a fifty day moving average of $255.64 and a 200 day moving average of $230.22. iShares U.S. Technology ETF has a 52-week low of $172.54 and a 52-week high of $274.44.

iShares U.S. Technology ETF Profile

iShares U.S. Technology ETF, formerly iShares Dow Jones U.S. Technology Sector Index Fund (the Fund) is a non-diversified fund. The Fund seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the Dow Jones U.S. Technology Index (the Index). The Index measures the performance of the technology sector of the United States equity market, and includes companies in the industry groups, such as software and computer services and technology hardware and equipment.